SPX monthly chart as of 4 April 2014.
It’s a no brainer.
SPX weekly chart as of 15 Nov 2013 shows euphoric blow off phase consisting of late longs and short covering.
SPX monthly chart as of 23 Oct 2013.
This is what market intervention does.
It would be funny if it wasn’t so SERIOUS.
Well done central banks and Wall St.
DOW monthly chart as of 20 June 2013 shows brutal Wile E Coyote megaphone wedge.
[Arrow is indicative only as markets don’t travel in straight lines]
May 2013 – How To Guarantee A Crash – http://t.co/dybVrRCk5q
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http://trader618.com as the source.
Originally posted Feb 16, 2011:
‘When DOW / SP500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index.
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD, SILVER ,
Base metals like COPPER etc, CRUDE OIL’